Arbor Realty Sr Inc. Provides $36M Loan For 834 Pacific Street Multifamily Property In Prospect Heights
834 Pacific Street, Prospect Heights, Brooklyn, NY, USA
$36,000,000
$457/SF
Building Size
78,762 SF
Asset Type
MultiFamily
Closing
Mar 14, 2021
AI
The multifamily property located at 834 Pacific Street in Prospect Heights has been involved in a recent loan transaction. The lender, Arbor Realty Sr Inc., provided a loan amount of $36,000,000 for this property. With a total square footage of 78,762, the property consists of 113 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $36,000,000
- SF: 78,762
- Units: 113
Galil Management, the landlord, was involved in this loan transaction. The representatives from Arbor Realty Sr Inc. facilitated the deal as the lender's representatives.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93